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GBPJPY TECHNICAL OUTLOOK

MrSolar Posted 31 July as Analysis on GBP/JPY, Target: 148.8, Date: 1st of September, 12:00 GMT  in #Technical analysis #GBP/JPY
INDICATOR: ICHIMOKU
CHARTS: DAILY AND WEEKLY
If July lows hold, possible rally to the 61.8% fib expansion on the daily chart below is likely. On the weekly chart, price consolidation inside the kumo might lead to a cloud breakout to the upside, hence supporting my bullish bias.
WEEKLY CHART:
DAILY CHART:
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GBPJPY TECHNICAL OUTLOOK

MrSolar Posted 28 June as Analysis on GBP/JPY, Target: 146.0, Date: 1st of August, 12:00 GMT  in #Technical analysis #GBP/JPY #Gbpjpy
INDICATOR: ICHIMOKU
CHARTS: DAILY AND WEEKLY
With price inside the cloud in both chart, its likely for a ranging market to occur. Possible target could be the 161.8% extension of the market out area in the daily chart below.
WEEKLY CHART:
DAILY CHART:
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2 Comments
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MrSolar 27 July

Interesting to see how this pans out

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MrSolar 1 Aug.

Beautiful projection.

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GBPJPY TECHNICAL OUTLOOK

MrSolar Posted 5 May as Analysis on GBP/JPY, Target: 152.5, Date: 3rd of July, 12:00 GMT  in #Technical analysis #GBP/JPY #Gbpjpy
INDICATORS: ICHIMOKU
CHARTS: WEEKLY AND MONTHLY
Failure of price to drop lower from the cloud on the weekly chart, suggest bullish continuation to the top of the cloud and a possible break above. The 100% extension (152 - 153 handle)of the marked region on the chart below would be a likely target for this run up.
On the monthly chart, the last month candle suggest good bullish pressure also.
WEEKLY CHART:
MONTHLY CHART:
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GBPJPY TECHNICAL OUTLOOK

MrSolar Posted 13 Apr. as Analysis on GBP/JPY, Target: 131.00, Date: 1st of June, 12:00 GMT  in #Technical analysis #GBP/JPY
INDICATOR: ICHIMOKU
CHART: WEEKLY AND DAILY
Weekly chart suggest cloud resistance and rejection which normally pushes price lower. Also, daily price below cloud and kijun sen supports weakness in this pair up till 131-130 handle.
WEEKLY CHART:
DAILY CHART
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